Reliance Industries (RIL) will continue to supply gas at $4.2 a unit to 16 fertiliser units until the government comes out with another notification in this regard. A new agreement was necessary, as existing gas sales purchase agreements (GSPAs), signed in 2009, expired on 31 March 2014.
Category: ECONOMY & POLICY
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RILs interim deal with buyers
Reliance Industries (RIL) will continue to supply gas at $4.2 a unit to 16 fertiliser units until the government comes out with another notification in this regard. A new agreement was necessary, as existing gas sales purchase agreements (GSPAs), signed in 2009, expired on 31 March 2014.
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Leapfrog buys stake in IFMR
The US-based Leapfrog Investment has bought a minority stake in financial services provider IFMR Capital Finance for Rs 174 crore. IFMR helps micro-finance firms, small businesses, affordable housing companies and commercial vehicle financiers raise money on the debt markets. IFMR will use the funds raised from Leapfrog to expand into other segments like agriculture and capital market access to SMEs, besides going deeper into its existing segments.
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Cabinet committee on transport
The Planning Commission is firming up a proposal for setting up a Cabinet committee on transport. A decision will be taken only by the new Planning Commission, which will be constituted after the April-May general elections. The proposal is partly based on the recommendations of the National Transport Development Policy Committee, chaired by Rakesh Mohan.
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Meeting on UMTA
Local bodies and various state government departments stressed the necessities, requirements as well as their limitations in associating with the Kochi Metro Rail Ltd (KMRL)
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Court relief for Parama flyover project
Calcutta High Court ordered Hindustan Construction Company (HCC) to construct the remaining portion of Park Circus-Parama Island flyover. The court accepted the HCC offer of Rs 257 crore for constructing the remaining part of the flyover.
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PMG clears Rs 5 lakh cr worth projects
The Project Monitoring Group (PMG) set up by Prime Minister Manmohan Singh has cleared Rs 5.1 lakh crore worth of infrastructure projects in less than a year, prompting over a dozen states keen on setting up similar monitoring cell in their respective states.
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Undersea cable link to Andamans
The Central government has proposed an undersea cable link to Andaman and Nicobar's nine main islands at an estimated cost of Rs 800 crore to improve telecommunications connectivity.
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Mobile towers project in naxal-hit areas affected by wrong estimates
Progress in the Rs 3,046-crore mobile phone towers project in naxal affected areas across nine states is stuck due to wrong estimates by the Department of Telecom.
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Innovative ideas
Lokanathan Nadar leads the Infrastructure and Agricultural business vertical at Arthveda. He has over 12 years of advising the government bodies and private sector players in the area of infrastructure, SEZs, power, industrial development and roads and transportation.